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Reverse mortgages and the liquidity of housing wealth

Mayer, Christopher J.; Simons, Katerina Victorovna - 1993

Persistent link: https://www.econbiz.de/10000887818

The mortgage market meltdown and house prices

Hubbard, R. Glenn; Mayer, Christopher J. - In: The B.E. journal of economic analysis & policy 9 (2009) 3, pp. 1-45

Persistent link: https://www.econbiz.de/10009550976

The Mortgage Market Meltdown and House Prices

Hubbard, R. Glenn - 2011

This paper argues that the U.S. mortgage debacle must be analyzed in the broader setting of global real estate markets …

Persistent link: https://www.econbiz.de/10013119203

Government Regulation and Changes in the Affordable Housing Stock

Somerville, Craig Tsuriel; Mayer, Christopher J. - University of British Columbia <Vancouver, British …; … - 2003

[...]In this paper, we look at the relationship between these twoissues to examine how government regulation affects thedynamics of the low-income housing stock. We find that,consistent with theoretical models of housing, restrictions onthe supply of new units lower the supply of affordable...

Persistent link: https://www.econbiz.de/10005869787

The rise in mortgage defaults

Mayer, Christopher J.; Pence, Karen M.; Sherlund, Shane M. - In: The journal of economic perspectives : EP ; a journal … 23 (2009) 1, pp. 27-50

Persistent link: https://www.econbiz.de/10003860995

The inefficiency of refinancing : why prepayment penalties are good for risky borrowers

Mayer, Christopher J.; Piskorski, Tomasz; Tchistyi, Alexei - 2010

"This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers … prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with … prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits …

Persistent link: https://www.econbiz.de/10008773265